What Fannie Mae and Freddie Mac do with the money they make has long been a debate in the housing finance world.
Some argued that the government-sponsored enterprises should be allowed to retain all their profits, while others argued that the GSEs’ profits should continue to flow to the Department of the Treasury, as they have since the government took the companies into conservatorship.
There was finally movement in that argument last week, when the Federal Housing Finance Agency announced that each of the GSEs will be allowed to keep some of their profits to cover against a potential draw from the Treasury amid the “normal course” of business.
But new analysis from Visual Capitalist (via Business Insider) puts the GSEs’ business into stark perspective.
According to the report, Fannie and Freddie make more money per employee than almost every other company in the entire world.
In fact, the GSEs take up two of the top three spots on the list of highest profit per employee among the most profitable companies on the Fortune Global 500 list.
Fannie Mae takes the top spot, well above any other company in the world.